According to the price monitoring of the business society, the domestic spandex price maintained a downward trend in February. As of February 27, the average market price was 54,600 yuan / ton, down 7.46% from the beginning of the month and down 7.77% year-on-year. Sufficient supply of goods, spandex industry started 7.9%.

In February, the price of raw material PTMEG fell sharply. By the end of the month, the 1800 molecular weight market was negotiated and assessed at 40,500-41,500 yuan/ton, down 4,000 yuan/ton from the previous month. Although the inventory of PTMEG has dropped to a low level at the beginning of the month and the supply of factories has been tightened, the upstream BDO and downstream spandex have both fallen, and the cost and demand side are weak, resulting in a decline in the price of PTMEG. During the month, the start-up load of PTMEG increased, and spandex was still in a downward trend, but the price of BDO continued to rise, and the cost-side drive gradually appeared. The price of PEMEG did not fall again at the end of the month.

The domestic pure MDI market is on the rise. As of February 25, the average monthly price in the East China market is 23,063 yuan/ton, up 8% month-on-month. The overall supply of MDI manufacturers has been tightened, the quotations of manufacturers have been raised, and traders have mostly maintained the trend of reluctance to sell and increase, and the focus of mainstream negotiations has gradually shifted upward.

The downstream textile factories started construction one after another, among which the circular knitting and wrapping yarns in Xiaoshao area were started at 3-50%; the circular knitting and wrapping yarn markets in Jiangsu area were started at 3-50%, and the circular knitting, wrapping and warp knitting markets in Guangdong area were started. The level is 3-5 percent. At present, some fabric orders from knitting factories in Xiaoshao area, Zhejiang Province can be completed in mid-March, but the gross profit is generally low. In addition, the conventional varieties of fabrics in the market have yet to be digested by the market, so the overall market transaction is still weak.

From the perspective of the textile industry, the Sunshine Textile Index shows that as of February 27, the textile index was 1063 points, an increase of 17 points from 1046 points at the beginning of the month, and a decrease of 8.04% compared with the highest point in the cycle of 1156 points (2018-09-03). The lowest point on August 13, 2020 rose 56.09% to 681 points. (Note: The cycle refers to 2011-12-01 to the present)

The analyst of the business agency believes that the current operating load of spandex manufacturers remains high, and the supply of goods is sufficient. The supporting role of the cost side still exists. With the arrival of the traditional peak season of "Golden Three", terminal orders will also pick up, and the start of factory looms will be further improved. This will give a positive boost to the spandex market. At present, most spandex manufacturers have the intention to explore the price of spandex. It is expected that the price of spandex will rebound slightly in March.